New York City Transitional Finance Authority's Fiscal 2011 Series C Bonds Rated 'AAA'; Outlook Stable Jan 11
- ID: 1858525
- January 2011
- Region: New York
- Standard & Poors
NEW YORK (Standard & Poor's) Jan. 6, 2011--Standard & Poor's Ratings Services assigned its 'AAA' long-term rating, and stable outlook, to New York City Transitional Finance Authority's (TFA) fiscal 2011 future tax secured series C bonds. In conjunction with this bonds issuance, Standard & Poor's affirmed its ratings on TFA's parity bonds, which include senior bonds, subordinate bonds, and recovery obligation bonds. Credit factors supporting the bond program include what we view as: A strong bond structure that separates the revenue stream supporting the bonds from both New York City and New York State; New York City's substantial and diverse economic base that supports pledged revenues, with a resident population base of more than 8 million that has steadily expanded....
Companies mentioned in this report are:
- New York City Transitional Fin Auth
Action: New Rating
Action: Outlook: Stable
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Research type: News
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